Integral Investment Advisors Inc. Has $9.28 Million Position in Apple Inc. (NASDAQ:AAPL)

Integral Investment Advisors Inc. raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,762 shares of the iPhone maker's stock after acquiring an additional 1,814 shares during the quarter. Apple makes up about 3.0% of Integral Investment Advisors Inc.'s investment portfolio, making the stock its 12th largest holding. Integral Investment Advisors Inc.'s holdings in Apple were worth $9,277,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new stake in shares of Apple during the 4th quarter worth about $25,000. Conquis Financial LLC acquired a new stake in shares of Apple during the 4th quarter worth about $63,000. LSV Asset Management acquired a new stake in shares of Apple during the 4th quarter worth about $65,000. Pillar Financial Advisors LLC acquired a new stake in shares of Apple during the 4th quarter worth about $82,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Apple during the 4th quarter worth about $96,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Trading Down 0.6%

Shares of Apple stock opened at $211.16 on Friday. The firm has a market capitalization of $3.15 trillion, a PE ratio of 32.89, a price-to-earnings-growth ratio of 2.38 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 1.18. The firm's 50 day moving average is $203.39 and its 200 day moving average is $217.41. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 EPS. Equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple announced that its board has approved a stock repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Apple Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a dividend of $0.26 per share. The ex-dividend date was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.49%. Apple's payout ratio is 16.20%.

Insider Activity at Apple

In related news, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer directly owned 4,569 shares of the company's stock, valued at approximately $941,214. The trade was a 50.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider directly owned 15,533 shares in the company, valued at $3,233,815.27. This trade represents a 22.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on AAPL. Needham & Company LLC reaffirmed a "hold" rating on shares of Apple in a report on Tuesday, June 10th. Scotiabank lowered Apple to a "market perform" rating in a report on Friday, May 2nd. Loop Capital lowered their price target on shares of Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Barclays set a $173.00 price target on shares of Apple and gave the stock an "underweight" rating in a research report on Tuesday, June 24th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $235.27.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

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